1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Luxury Goods
Manoj Vaibhav Gems 'N' Jewellers Limited

Manoj Vaibhav Gems 'N' Jewellers Limited

MVGJL.NS
Manoj Vaibhav Gems 'N' Jewellers LimitedIN flagNational Stock Exchange of India
150.78
INR
-1.00
- -
7.37BMarket Cap
Manoj Vaibhav Gems 'N' Jewellers Limited
MVGJL.NS
(National Stock Exchange of India)

Recent

price

150.78

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
2026
TTM
FRC
261.86
293.48
346.78
415.04
488.08
488.06
- -
561.83
Revenue per Share
4.99
4.25
8.94
14.66
18.37
20.56
- -
23.54
Basic EPS, GAAP
6.78
-2.36
1.83
14.17
13.51
-13.65
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
36.86
41.14
50.12
70.54
98.79
109.59
- -
10
Book Value per Share
42.54
46.83
55.82
70.5
140.24
147.12
- -
170.59
Tangible Book Value per Share
49
49
49
49
44
49
- -
49
Basic Weighted Avg Shares
12,791
14,336
16,939
20,273
21,497
23,840
27,440
27,440
Sales/Revenue/Turnover
6.39
5.17
5.87
6.83
6.8
6.55
6.4
6.4
Operating Margin (%)
108
97
87
86
84
83
96
96
Depreciation Expense
244
207
437
716
809
1,004
1,150
1,150
Net Income, GAAP
26.69
25.48
25.22
25.29
25.53
22.55
25.3
25.3
Effective Tax Rate (%)
1.91
1.45
2.58
3.53
3.76
4.21
4.19
4.19
Profit Margin (%)
1,588
2,640
3,056
3,864
5,922
6,651
7,805
7,805
Working Capital
893
1,366
1,263
1,284
596
389
340
340
LT Debt
2,081
2,290
2,729
3,446
6,178
7,188
8,334
8,334
Total Equity
- -
7.91
9.95
12.87
11.59
11.21
10.76
10.76
Return on Invested Capital (%)
- -
7.73
10.28
13
13.36
14.61
19.19
19.19
Return on Capital (%)
- -
10.89
19.6
24.3
20.76
20.7
39.37
39.37
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
3,683
- -
4,570
LT Borrowings
94
- -
73
LT Finance Leases
321
- -
267
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
49
- -
49
Market Capitalization
9,249
8,843
6,446

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
15,049
- -
17,703
Cash, Cash Equivalents & STI
336
- -
1,238
Accounts Receivable, Net
285
- -
323
Inventories
14,351
- -
16,099
Total Current Liabilities
7,879
- -
9,898
Payables & Accruals
- -
- -
- -
ST Debt
3,683
- -
4,570
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
31.4%
15.94%
Free Cash Flow
- -
25.86%
-139.38%
Net Income, GAAP
- -
45.23%
14.49%
Sales/Revenue/Turnover
- -
13.97%
15.1%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,089
6,192
4,751
5,465
21,497
2025
5,391
6,422
4,976
7,051
23,840
2026
5,489
7,558
6,848
7,545
27,440

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.94
4.54
3.88
- -
18.37
2025
4.46
5.46
5.17
5.48
20.56
2026
4.22
6.5
7.06
5.76
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Manoj Vaibhav Gems 'N' Jewellers Limited is a regional jewelry retailer operating under the Vaibhav Jewellers brand in the micro markets of Andhra Pradesh and Telangana, India. Incorporated in 1989 and headquartered in Visakhapatnam, Andhra Pradesh, the company offers a wide range of gold jewelry including bangles, necklaces, earrings, mangalsutras, harams, vaddanams, chains, rings, pendants, and bracelets; diamond jewelry such as studs, pendants, bangles, and sets; silver articles encompassing pooja items, coins, dinner sets, tumblers, and jewelry; as well as platinum pieces and precious gemstones, with categories spanning daily wear, bridal, temple, antique, and occasion wear sold through branded showrooms and an e-commerce platform. The retailer serves rural and urban customers across economic segments in Tier II and Tier III cities, maintaining approximately 17 showrooms including franchise outlets as of late 2024. In recent developments, the company has aggressively expanded its footprint with multiple new store openings in 2025, including locations at Narsipatnam, Salur, Palasa, Yellamanchili, and others in Andhra Pradesh, alongside a credit rating upgrade to [ICRA]BBB+ (Stable) from ICRA in May 2024, reflecting improved financial stability amid robust profit growth.